DALLAS-The multifamily sector is still waiting for the IT providers to make good on promises for big savings and heightened efficiency. Meanwhile, IT firms blame the industry's complexity for the Jetson apartment not being ready to lease.

SAN FRANCISCO-Profits through the first nine months of the year are $96.4 million, or 89 cents a diluted share, versus $53.3 million, or 49 cents a diluted share for the same period in 1999.

PHOENIX-For the first time in more than a decade, a developer will build a for-sale residential, multi-family project in the central Phoenix area, spending more than $70 million to build a 303-unit project.

ROCKVILLE, MD-Washington Real Estate Investment Trust will issue notes worth $55 million to pay down its debts under its current revolving credit facilities. The 7.78% medium-term notes are due in 2004.